Gold futures head higher after two-day decline

SAN FRANCISCO (MarketWatch) -- June gold was up $4.50 at $689.50 an ounce after tallying a two-session loss of $36.50. "Buoyed by short-covering and scattered physical buying, gold made an honest effort to recover from Monday's slump," said Jon Nadler, an analyst at Kitco.com. And "sensing that the fundamentals have obviously not changed over the past few days, and that perhaps just as the rally had been overdone, so had the brief correction, traders took a few cautious steps towards repurchasing positions." July silver was up 4.5 cents at $13.38 an ounce but July copper fell by 1.65 cents to $3.73 a pound.

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